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Hair Salon In Newbury For Sale

Newbury, Berkshire
Asking Price:
£22,000
Sales Revenue:
£60,000
Cash Flow:
Available on request

PRICE REDUCED FOR QUICK SALE - A SUPERB AND UNIQUE OPPORTUNITY FOR EITHER A FIRST TIME BUYER OR AN EXPERIENCED SALON OWNER TO ACQUIRE AN OLD ESTABLISHED HAIR SALON IN THE HEART OF NEWBURY BENEFITTING FROM SUBSTANTIAL BASIC INCOME FROM CHAIR RENTS TOGETHER WITH ADDITIONAL REVENUE FROM OWNER’S OWN WORKING COLUMN.

Situated on a busy road in an edge of town centre position with easy access to car parks, shops, restaurants & pubs in the prosperous West Berkshire Market Town of Newbury.

The Premises are held on lease which, we are advised, has 5 years unexpired as from October 2018. Current rent £19,000 per annum plus VAT.

Well Presented & Fully Equipped Spacious Salon (approx. 1,084sq.ft. /100.7m² overall).

Reception Area (reception desk, four black bucket chairs, two black sofas, large wooden coffee table).

Main Salon Area (twelve styling positions each with full length mirror, suspended ceiling with inset lighting, wood effect floor, etc.).

Rear Salon (four further styling positions, mobile climazone, flat screen TV).

Back Wash Area (four ‘R.E.M’ back wash units - one with massaging chair, three overhead dryers).

Staffroom / Kitchenette (fridge, tumble dryer, ‘Tassimo’ coffee machine, stainless steel sink with drainer, microwave, washing machine).

Ladies / Disabled Toilet Facilities. Gents Toilet Facilities.

Outside:- Small Private Courtyard & Two Valuable Car Parking Spaces.

Vendor advises current Turnover is in the region of £60,000 per annum of which some £40,000 is chair rent income and the balance from owner’s own Gents Hairdressing column. Currently four chairs are rented out leaving eight plus further styling positions open to be used by the owner or to be rented out to other self-employed hairstylists.

Price required for goodwill, lease, tenant’s fittings, fixtures, utensils and equipment, etc. £22,000 STOCK EXTRA AT VALUATION

Property information

Property:

Leasehold

Lease Terms:

The Premises are held on lease which, we are advised, has 10 years unexpired as from October 2013. Current rent £19,000 per annum plus VAT. Subject to rent reviews every five years.

Leasehold Rent:

£19,000 per annum

Business Operation

Reasons for selling:

Retirement sale

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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